Why is crypto down today? The specter of 1987’s Black Monday is out and about, tying the turmoil to Trump’s “Liberation Day” tariffs. Experts warned that the markets might buckle in ways we haven’t seen in decades unless something shifts.
As it stands, the VIX index, Wall Street’s anxiety meter, blew past 60 on Monday. That’s the highest reading since last August. The causes aren’t subtle—tariffs, trade tensions, a global economy walking a tightrope. Stocks have stumbled, and now the game is a survival trip.
Is There Any Correlation to Black Monday?
While many are calling Trump’s tariffs the precursor to today’s “Black Monday,” it’s important to remember the stock market has been in an almost straight-up bull market for the past 15 years.
No matter who the president was, a crash was written in the script. Trump only made it more severe.
Black Monday, occurring 50 years after the Depression, has a similar pattern to today.
The 1987 crash erased 22.6% of the Dow daily, the sharpest drop in U.S. history. Trump’s Liberation Day—a blanket 10% import tariff alongside targeted penalties of up to 54% on trading giants like China and India—is already shaking markets. Last week the data revealed a bloodbath:
- The S&P 500 sank 6%, the worst nosedive in three years.
- Not to be outdone, the Dow crumbled over 5%.
- Overseas wasn’t much better. Asia’s Nikkei crumpled, Europe’s DAX faltered, and the panic traveled faster than any market close.
Okay, Let’s Say a Black Monday Event Happens. What Are We Buying? ($BEST)
Beans, bullets, Bitcoin. The survival kit of the post-apocalypse is getting dusted off again.
Among our top picks to scoop on this deep are the following:
- Long Bitcoin: No matter how this crash plays out, Bitcoin is set to have a record-breaking year due to the last halving and auspicious regulation
- Top-tier Layer 1s like Sui, Solana, and Polkadot
- Best Wallet Token ($BEST)
Best Wallet is shaking up the Web3 wallet space with a product designed for today’s blockchain users. This token looks small, but don’t mistake size for insignificance. Its framework packs an arsenal of efficiency: a decentralized exchange, NFT gallery, staking aggregator, and presale tools. With its current market cap leaving room to breathe, it’s poised to gain ground while others trip over their own hype.
Its $BEST token provides users with perks like trading fee discounts and governance rights, making it attractive for long-term holders. Best Wallet’s presale has raised $6.6 million, a strong signal of its potential as a must-have gateway for crypto trading.
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Key Takeaways
- Why is crypto down today? The specter of 1987’s Black Monday is out and about, tying the turmoil to Trump’s “Liberation Day” tariffs.
- No matter who the president was, a crash was written in the script. Trump only made it more severe.
- Black Monday, occurring 50 years after the depression, has a similar pattern to today.
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